DWF Labs has been suspiciously active with ID amid a huge price surge in the past 3 hours, including:

• withdrawing 3.62M ID ($1.73M) from OKX;
• and then quickly depositing 2.45M ID ($1.12M) to Binance via Amber Group.
• address: 0x1c7b480ce872aaade8e25b66c989b8a15a0abb4a
• This address likely belongs to the entity DWF Labs

Notably, the ID (Space ID) price has surged around 87% after Upbit, South Korea's largest cryptocurrency exchange, announced listing the ID Korean won trading pair today.

On a related note, we noticed that Upbit's address 0xa49 has accumulated 97M ID ($52M) so far, now being the 5th largest holding address of ID.

• Upbit address: 0xa4908596dea36ae357e07ac2099d531b98204a66

In the past, DWF Labs and Upbit were related to the aggressive pumps and dumps of several tokens. Will there be another show this time?

Fig 1. DWF Labs has been suspiciously active with ID amid a huge price surge in the past 3 hours

Fig 2. The price chart of DWF Labs' ID activities.